Material relating to Industrial Common Ownership Finance Ltd.
Industrial Common Ownership Finance (ICOF)
Scope and Content
Administrative / Biographical History
The Industrial Common Ownership Finance (ICOF) was set up in 1973, with £5000 from Scott Bader and £5000 from individual and smaller donations. ICOF was set up to allow a revolving loan fund for workers' co-operatives. This was needed due to workers' co-operatives commonly having trouble raising capital due to their democratic model not allowing for investment by outside shareholders. in 1976 ICOF received £250 000 for a revolving fund through the Industrial Common Ownership Act. After lauching the ICO Fund plc in 1987, and ICOF Community Capital in 1994, ICOF later became Co-operative & Community Finance, the current trading name of the ICOF family of business.
The material was ordered in labelled folders on acquisition , these form the series within the catalogue.
May be some restrictions due to personal data.
This collection had previously been housed as part of the Co-operative Heritage Trust library collection along with various publications relating to workers' co-operatives. The collection was identified and accessioned into the National Co-operative Archive as part of the Working Together project.
In October 2017, the National Co-operative Archive published a call-out for historic materials within the wider workers' co-operative community for Working Together, a Heritage Lottery Funded project seeking to record and preserve the heritage of the worker co-operative moment.